As the 11th pick of this past summer's NBA draft, Carter-Williams will take in $4.5 million in salary over his first two seasons of his deal and could come out with $10 million if the two final years of his contract is picked up.

Carter-Williams' parents have his salary deposited into a trust he cannot touch for three years, which is a solid plan to protect a 22-year-old kid making millions of dollars. Carter-Williams lives on endorsement deals from Nike and Panini trading cards at the moment, and players are also allotted per diems when on the road.

This is a smart idea, considering the life that some athletes lead. There are bad decisions, but there are also factors at play when athletes lose money. Not many NBA players don't come from privileged backgrounds, so they feel the need to help out family and simply don't have money-management skills.

That said, Carter-Williams' parents have taken the right approach. While this can't be the reality for everyone, it is a good example set for those capable of making such a decision.